Employees of the Volkswagen plant in Zwickau stand on the factory premises during an information event organised by the Works Council of Volkswagen on 28 October. Photograph: Jens Schlueter/AFP/Getty Images View image in fullscreen Employees of the Volkswagen plant in Zwickau stand on the factory premises during an information event organised by the Works Council… Continue reading Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
Author: The Guardian Online News
Stellantis reports slump in car sales as European demand falls
A Fiat 600, official car of the 19th Rome film festival, at the Auditorium Parco Della Musica this week. Photograph: Ernesto S Ruscio/Getty Images for Stellantis View image in fullscreen A Fiat 600, official car of the 19th Rome film festival, at the Auditorium Parco Della Musica this week. Photograph: Ernesto S Ruscio/Getty Images for… Continue reading Stellantis reports slump in car sales as European demand falls
Lloyds shareholders could take £1bn hit over car finance crisis
Lloyds could be left to cover a compensation bill of £3.2bn, according to RBC Capital. Photograph: Pietro Recchia/SOPA Images/Shutterstock View image in fullscreen Lloyds could be left to cover a compensation bill of £3.2bn, according to RBC Capital. Photograph: Pietro Recchia/SOPA Images/Shutterstock Lloyds shareholders could take £1bn hit over car finance crisis Analysts forecast bank… Continue reading Lloyds shareholders could take £1bn hit over car finance crisis
Could you be entitled to a payout after court ruling on car finance?
The Financial Conduct Authority is investigating discretionary commission arrangements on car loans issued between 2007 and 2021. Photograph: Dan Kitwood/Getty Images View image in fullscreen The Financial Conduct Authority is investigating discretionary commission arrangements on car loans issued between 2007 and 2021. Photograph: Dan Kitwood/Getty Images Explainer Could you be entitled to a payout after… Continue reading Could you be entitled to a payout after court ruling on car finance?
Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance
Lloyds bank’s Black Horse car finance division has already put aside £450m for potential compensation. Photograph: Andy Rain/EPA View image in fullscreen Lloyds bank’s Black Horse car finance division has already put aside £450m for potential compensation. Photograph: Andy Rain/EPA Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance Industry and Treasury hold… Continue reading Lloyds suspends commission payments after ‘seismic’ ruling on UK car finance
Fleet of 30 luxury cars taken to Thailand returned to UK, police say
The cars recovered from Thailand by Navcis on display in Eastleigh. Photograph: Andrew Croft/Solent News & Photo Agency/Solent News View image in fullscreen The cars recovered from Thailand by Navcis on display in Eastleigh. Photograph: Andrew Croft/Solent News & Photo Agency/Solent News Fleet of 30 luxury cars taken to Thailand returned to UK, police say… Continue reading Fleet of 30 luxury cars taken to Thailand returned to UK, police say
Volkswagen hit by 60% fall in profits as sales in China slump
Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images View image in fullscreen Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images Volkswagen hit by 60% fall in profits as sales in China slump Drop comes as carmaker faces battle with unions over plan to shut three factories in Germany Volkswagen… Continue reading Volkswagen hit by 60% fall in profits as sales in China slump
BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD View image in fullscreen BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale Orders roll… Continue reading BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
Santander to cut more than 1,400 jobs in UK amid increasing automation
It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA View image in fullscreen It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA Santander to cut more than 1,400 jobs in UK amid increasing automation News… Continue reading Santander to cut more than 1,400 jobs in UK amid increasing automation
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA View image in fullscreen Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA Volkswagen to shut… Continue reading Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union